(July 19, 2024) The former company Forez BG, with 67 employees and an annual turnover of around 6 million euros, has merged with WITTE Automotive Bulgaria.
WITTE Automotive is further expanding its market position and presence in Eastern Europe. Following a majority stake in the Bulgarian specialist for plastic injection molding in September 2023, the WITTE Group has now completed the merger. The production area will be expanded by half and equipped with the latest technologies.
As of September 18, 2023, WITTE Automotive had acquired a majority stake in the Bulgarian Tier 2 automotive supplier Forez BG and renamed it WITTE Injection Molding Bulgaria. With the publication in the Bulgarian commercial register on July 16, 2024, the acquisition was fully completed on April 4, 2024, and the company was merged with WITTE Automotive Bulgaria.
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